Alwaleed Bin Talal named most influential Arab

Alwaleed Bin Talal, chairman of Kingdom Holding Company (KHC), was ranked number one in Arabian Business Magazine's World's 500 Most Influential Arab list, 2013, it was announced on Tuesday. In its 2013 list, Forbes ranked Alwalid 26th in the world with a fortune it estimated at $20 billion. The Saudi prince has severed his ties with the Forbes Billionaires List and requested to be removed from its list. Kingdom Holding continue to cooperate with the Bloomberg Billionaires valuation teams, which Alwalid "considers to use a more accurate method of calculating financial holdings." Bloomberg Billionaires calculated the wealth of Alwalid as $28 billion. Source: Ahram Online